Tom Albanese has landed his first job since being turfed out of the chief
executive’s chair at Rio Tinto after $14 billion (£8.7 billion) of
writedowns.

The American will become chairman of Vedanta Holdings, a subsidiary of
Vedanta, the FTSE 100 Indian miner. The group said that Mr Albanese “will be
actively involved in continuing to develop the Company’s strategy, policies
and growth objectives”.

The move could surprise some in the City, where Vedanta has a chequered record
for corporate governance after numerous legal challenges to its operations
in India.